KUALA LUMPUR (Jan 2): A big 27.28% stake in ICT solutions firm Theta Edge Bhd (KL:THETA) changed hands via an off-market trade on Friday, signalling a major shift in the company's shareholding structure.

The shares were traded in a single block totalling 32.18 million shares at 90 sen apiece, Bloomberg’s off-market data showed.

The 90-sen-apiece price tag, which valued the block at RM28.96 million in total, represents a 23.3% premium to the counter’s 73 sen close on Friday. 

While an official filing with Bursa Malaysia has yet to be released in regard to the disposal, the transaction size aligns with the shareholding of Theta Edge’s largest shareholder, Lembaga Tabung Haji. Based on the latest records, the pilgrimage fund owns 32.18 million shares, representing a 27.28% stake in Theta Edge.

Should the transaction be confirmed, it would mark Tabung Haji's exit from Theta Edge.

Aside from Tabung Haji, Theta Edge’s other substantial shareholder is Tan Sri Vincent Tan’s Berjaya Group, which holds a 15.38% stake through REDtone Digital Bhd. Two other substantial shareholders, Threadstone Capital Sdn Bhd and Hilary Fernandez, exited their substantial positions in May and August 2025, respectively.

In the open market, Theta Edge shares saw heavy interest on Friday, ending six sen or 8.96% higher at 73 sen, valuing the company at RM86.12 million, after 2.05 million shares were traded.